How much is a home worth in ZIP code 33916?

The typical home in 33916 is worth $218,073, based on the Zillow Home Value Index.

Are home values rising in 33916?

Home values in 33916 are down 9.9% over the past year, and up 5.8% a year over five years.

What is the typical rent in 33916?

A typical home in 33916 rents for about $1,610 a month, a gross rental yield of 8.9%.

What is the property tax rate in 33916?

The effective property tax rate in 33916 is 0.8% — roughly $1,773 a year on a typical home.

ZIP code 33916 has a population of 27,943 and a median household income of $52,586.

HousingHandbookReference data

…

U.S. ZIP Code · FL33916

Lee County · Cape Coral-Fort Myers, FL

Typical home value

$218,073^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -9.9%
5-year / yr: +5.8%
10-year / yr: +7.8%

Relative price

vs U.S.: -23.2%
vs metro: -36.1%
vs state: -37.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33916 is worth $218,073 — 36.1% below the Cape Coral-Fort Myers, FL median. Over the past year, values have fallen 9.9%. Homes here rent for a typical $1,610 a month — a 8.9% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,610^[2]
Gross yield: 8.9%^[2]
Cap rate: 5.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,773^[3]

#Climate risk

FEMA National Risk Index ratings for Lee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 27,943^[3]
Median household income: $52,586^[3]

#Migration

Household moves in and out of Lee County over a year, from IRS tax-return data.

Net migration: +2,109^[5]
Moved in: 27,809
Moved out: 25,700

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 2
Middle: 0
High: 6

DUNBAR HIGH SCHOOL
High · Grades 9–12 · LEE
1,762 students
COLONIAL ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
655 students
EDGEWOOD ACADEMY
Elementary · Grades PK–5 · LEE
618 students
EARLY CHILDHOOD LEARNING SERVICES
Prekindergarten · Grades PK · LEE
149 students
CITY OF PALMS CHARTER HIGH SCHOOL
High · Grades 9–12 · LEE
136 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.9%

Net yield (after ~40% expenses)5.3%

Annual rent$19,317

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,103

Loan principal$174,459

Down payment$43,615

Total interest paid$222,512

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.89

Monthly cost to own$1,432

Monthly rent$1,610

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 81st percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 71st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33916?: The typical home in 33916 is worth $218,073, based on the Zillow Home Value Index.
Are home values rising in 33916?: Home values in 33916 are down 9.9% over the past year, and up 5.8% a year over five years.
What is the typical rent in 33916?: A typical home in 33916 rents for about $1,610 a month, a gross rental yield of 8.9%.
What is the property tax rate in 33916?: The effective property tax rate in 33916 is 0.8% — roughly $1,773 a year on a typical home.
Who lives in 33916?: ZIP code 33916 has a population of 27,943 and a median household income of $52,586.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33907 vs 33916 →
Villas CDP, FL
Typical home
$207,438
Gross yield
7.9%
33903 vs 33916 →
North Fort Myers CDP, FL
Typical home
$232,132
Gross yield
8.3%
33919
Cypress Lake CDP, FL
Typical home
$251,703
Gross yield
7.9%
33901
Fort Myers, FL
Typical home
$264,506
Gross yield
7.2%
33973
Lehigh Acres CDP, FL
Typical home
$283,060
Gross yield
7.1%
33905
Buckingham CDP, FL
Typical home
$288,532
Gross yield
7.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 33916 against any other ZIP — full side-by-side table.

Compare 33916 →

#Jump to section

U.S. ZIP Code · FL33916

Get more data on ZIPs like this

Get more data on ZIPs like this